On Jan 1, 20X1, ABC Co sold land with a fair value of P110,000 and received a non interest bearing note of P150,000 due

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answerhappygod
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On Jan 1, 20X1, ABC Co sold land with a fair value of P110,000 and received a non interest bearing note of P150,000 due

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On Jan 1, 20X1, ABC Co sold land with a fair value of P110,000and received a non interest bearing note of P150,000 due in 3years. Effective rate is 10%. Interest is collectible every Jan 1of the following year. How much is the notes receivable aspresented in the balance sheet at Dec 31, 20X1?
82,645
110,000
112,697
150,000
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